Fractional Ownership

MUMBAI: Club One Air, the New Delhi-based aircraft charter company, is trying to rope in large and medium-sized corporates to try out the concept of fractional ownership of aircraft. Fractional ownership involves the customer buying a fraction of the aircraft, starting with a minimum of 1/8th of aircraft, according to the customer's needs. According to Club One Air managing director Manav Singh, "Fractional ownership would result in at least 28-30% savings over chartering.

Ever thought of spending the weekend in the high seas on your own yacht? Or flying to a business meeting in your own jet? You don't have to be a billionaire to own these rich man's toys. Fractional ownership helps you do these like any Wall Street moghul. Fractional ownership means jointly owning an asset (such as an aeroplane or a yacht) with a few other investors, as opposed to sole ownership. Use of the asset depends on the size of your share. The bigger the...

MUMBAI: With boating gaining popularity as a leisure activity in cities like Mumbai and Goa, private firms are now offering time-sharing and fractional ownership of yachts for those keen on sailing but can't afford a craft. Club Privada, a new entrant into the segment of fractional ownership of yachts has started three branches, including Mumbai, Dubai and Goa, and aims to start two more. "We already have four yachts, one Azimut and three Larson, and...

NEW DELHI: India's Tata Group on Tuesday announced investing in 'BJETS', a business jet venture based on fractional ownership model, that placed orders for 50 aircraft worth over Rs 2,400 crore at the ongoing Singapore Airshow. The Tata's Indian Hotels Company will partner Singapore's Briley Group in the business - Asia's first private jet company that would sell fractional ownership of these planes, primarily to corporate houses. BJETS...

MUMBAI: Hospitality chain Country Club India Ltd (CCIL) plans to invest around Rs 100 crore this fiscal on its latest venture -- Country Club Grand Fractional Ownership Club (CCGFOC), a top company official said. "We will invest about Rs 100 crore in four properties in our new venture (CCGFOC). With this, we will have 55 properties in India and overseas," CCIL's CEO Sidharth Y Reddy told PTI at the launch of its new venture, which will be operational during this...

NEW DELHI: Private jet-setting is going the mobile telephony way, with the slowdown forcing small aircraft leasers to issue pre-paid packages offering steep discounts. Jetliners such as BJETS, VistaJet and Club One Air now offer pre-paid 'timeshares' in which you can buy a fixed 25-hours "all-expenses-included" flying package for Rs 2.7 lakh or Rs 3.5 lakh per hour, with a validity of one year, and fly to any part of the world. The trend was kicked off by VistaJet,...

BANGALORE: When the CEO of a Bangalore-based tech major landed in Mumbai on an international flight in the wee hours of morning, he decided not to wait for a regular commercial flight. Instead, he called up a fellow corporate who owns a time share or fractional ownership in a business jet. The jet arrived within an hour, and before dawn, the IT czar had landed in Bangalore. While plain vanilla charter of business jets and choppers is popular given its inherent...

Ever thought of spending the weekend in the high seas on your own yacht? Or flying to a business meeting in your own jet? You don't have to be a billionaire to own these rich man's toys. Fractional ownership helps you do these like any Wall Street moghul. Fractional ownership means jointly owning an asset (such as an aeroplane or a yacht) with a few other investors, as opposed to sole ownership. Use of the asset depends on the size...

MUMBAI: Hospitality chain Country Club India Ltd (CCIL) plans to invest around Rs 100 crore this fiscal on its latest venture -- Country Club Grand Fractional Ownership Club (CCGFOC), a top company official said. "We will invest about Rs 100 crore in four properties in our new venture (CCGFOC). With this, we will have 55 properties in India and overseas," CCIL's CEO Sidharth Y Reddy told PTI at the launch of its new venture, which will be operational...

BANGALORE: Group RCI, the world's largest provider of vacation timeshare exchange, plans to introduce shared ownership of expensive homes in India, in what it says is the first such initiative in India by a corporate. RCI says the so-called fractional home-ownership model will be especially advantageous at a time when the real estate market is in a slump but property developers and analysts remain cautious. Fractional or shared ownership allows a group of home...

Manav Singh, Managing Director, Club One Air Fly whenever you want to, wherever you want to. No, you don't have to own a business jet for it, all you have to do is become a fractional owner (i.e, rent an aircraft for limited time) of an aircraft. But are Indians prepared for this kind of next generation business travel? Manav Singh, managing director of Club One Air, a non-schedule operator offering aircraft fractional ownership and...

BANGALORE: Group RCI, the world's largest provider of vacation timeshare exchange, plans to introduce shared ownership of expensive homes in India, in what it says is the first such initiative in India by a corporate. RCI says the so-called fractional home-ownership model will be especially advantageous at a time when the real estate market is in a slump but property developers and analysts remain cautious. Fractional or shared ownership allows a group of home buyers...

NEW DELHI: Indian fractional air charter firm BJETS has placed a major order with the US company Hawker Beechcraft to acquire ten Hawker 4000 business jets worth over 330 million dollars. This new order, with options for five additional aircraft, compliments BJETS' previous order for the purchase of 11 Hawker 900XP and nine 850XP business jets for their fractional fleet throughout India and Southeast Asia. BJETS, a private company based in...

MUMBAI: With boating gaining popularity as a leisure activity in cities like Mumbai and Goa, private firms are now offering time-sharing and fractional ownership of yachts for those keen on sailing but can't afford a craft. Club Privada, a new entrant into the segment of fractional ownership of yachts has started three branches, including Mumbai, Dubai and Goa, and aims to start two more. "We already have four yachts, one Azimut and three Larson,...

MUMBAI: For Gautam Singhania and Anand Mahindra, both avid sailors, there is an interesting parallel between the growing number of speed boats bobbing up and down at the Gateway of India and the business jets parked nose to nose at the city airport at Santa Cruz. Poor infrastructure makes it difficult to find space at both these places. Just like the biz-jets struggle for space on the tarmac, Mumbai harbour too is choc-a-bloc and the absence of a marina makes it difficult to operate...

NEW DELHI: India's Tata Group on Tuesday announced investing in 'BJETS', a business jet venture based on fractional ownership model, that placed orders for 50 aircraft worth over Rs 2,400 crore at the ongoing Singapore Airshow. The Tata's Indian Hotels Company will partner Singapore's Briley Group in the business - Asia's first private jet company that would sell fractional ownership of these planes, primarily to corporate houses. ...

NEW DELHI: India's first fractional ownership airline company Club One Air is cruising towards the market with plans to raise around Rs 200 crore. The funds raised would be used to expand Club One's fleet size from nine now to around 17 over the next 12 months. "We have decided to sell around 15% stake in the airline through private placement to a strategic investor. Discussions are currently underway and the private placement is expected to be completed within this year," Club One...

NEW DELHI: Private jet-setting is going the mobile telephony way, with the slowdown forcing small aircraft leasers to issue pre-paid packages offering steep discounts. Jetliners such as BJETS, VistaJet and Club One Air now offer pre-paid 'timeshares' in which you can buy a fixed 25-hours "all-expenses-included" flying package for Rs 2.7 lakh or Rs 3.5 lakh per hour, with a validity of one year, and fly to any part of the world. The trend was kicked off...

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Manav Singh, Managing Director, Club One Air Fly whenever you want to, wherever you want to. No, you don't have to own a business jet for it, all you have to do is become a fractional owner (i.e, rent an aircraft for limited time) of an aircraft. But are Indians prepared for this kind of next generation business travel? Manav Singh, managing director of Club One Air, a non-schedule operator offering aircraft fractional ownership and charter services.